# Blitz Corp. had total sales of \$3,010,000 last year and has 106,000 shares of stock outstanding. The benchmark PS is 1.6 times. What stock price would you consider appropriate?

the stock price is \$45.44

Explanation:

The computation of the stock price is shown below:

Sales per share is

= Total sales ÷ stock outstanding  shares

= \$3,010,000 ÷ 106,000 shares

= \$28.40

Now

Benchmark PS = Stock price ÷ Sales per share

Stock price = \$28.40 × 1.6

= \$45.44

hence, the stock price is \$45.44

We simply applied the above formula so that the correct value could come

And, the same is to be considered

## Related Questions

Highlight the possible risks and problems that should be address during the implementation process?

In simple words, implementation process refers to the stage under which the strategies and plans are converted into actions. This is one of the main stages as the overall result depends highly on this stage.

In this stage, the supervisor should make sure that the workers are giving their fullest for the job, are the resources needed to perform the job available in adequate quantity.

The best way to implement any strategy is to make short goals with short time periods and evaluate each phase if he team is performing up to the mark.

You are considering buying a 30-year U.S. Treasury bond but are nervous about the effect on bond price if the yield to maturity on the bond increases. The bond has a 3% coupon rate and pays coupons semi-annually. The duration is 18 years. Suppose that interest rates on this bond rise by 1.8%. Calculate the corresponding percentage change in the price of the bond using the approximation method based on bond duration. Give your answer in percent to one decimal place. If the price decreases, then include a minus sign; if the price increases, do not include any sign. Do not type the % symbol.

The corresponding percentage change in the price of the bond using the approximation method based on the bond duration is   -3.24%

Explanation:

In this question, we are to calculate the corresponding percentage change in the price of the bonds using the approximation method based on the bond duration.

Mathematically, approximate change in bond price = -(Duration × Change in yield)

From the question, we identify that the duration is 18 years while the change in yield is 1.8% = 1.8/100 = 0.18

We plug this in the equation above;

The approximate change in bond price is thus; -(18 × 0.18) = -3.24%

An activity being analyzed under PERT was judged to most likely have a duration of 40 days. When considering the time it would take to complete the activity if every relevant factor went well, it was estimated to be able to be doable in 20 days and even under the worst case imaginable, the task would be take 50 days. The estimates PERT duration of that activity is:

38.33 days

Explanation:

The PERT method is a common method used to determine the weighted mean or average of three different values of a parameter to calculate a final estimate. Therefore, in the question shown above, the PERT duration can be estimated as:

PERT duration = (20+4*40+50)/6 = (20+160+50)/6 = 38.33 days.

Thus, for the given activity, the PERT duration is approximately 38.33 days.

Measuring the rate of inflation using a market basket that excludes food and energy prices is preferred by some analysts because this measure, called core inflation, Group of answer choices is more consistent with measures of inflation used in other countries.
fluctuates more than measures of inflation that include food and energy prices.
gives a better measure of ongoing, sustained price changes.
provides a real, rather than a nominal, rate of inflation.

gives a better measure of ongoing, sustained price changes.

Explanation:

• In order to measure the market-based rate of inflation that excludes the food and the energy processes are preferred by some economist as the core inflation that is long price trend and is frequent subject to the change as food and energy. As this index is based on the dynamic consumption basket the economic variables are adjusted by the price defoliator.

Pronghorn Corp has 8,300 shares of common stock outstanding. It declares a \$3 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.

dividends  24,900

dividen payable    24,900

to record declaration of dividends

dividend payable   24,900

cash                                  24,900

to recored payment of dividends

Explanation:

amount of dividends:

8,300 shares x \$3 per share = 24,900

dividends  24,900

dividend payable    24,900

to record declaration of dividends

we post the dividends declared and we post the payable

dividend payable   24,900

cash                                  24,900

to recored payment of dividends

we decrease the cash account and write-off the dividend payable

You’ve been asked to participate at a prestigious and well-attended annual conference within your industry. Your participation requires that you sit on a panel of experts during the keynote session of the conference. This session focuses on discussing key industry trends and challenges, and it is expected to draw a large and engaged crowd. The session will include brief presentations by each panelist, as well as a question-and-answer portion where you will respond to the audience. Which of the following aspects of effective communication should you give the most attention during the conference session?A. Establishing your credibility as an industry expert.
D. Making sure that your viewpoints are clearly heard.

Making sure that your view points are clearly heard.

Explanation:

Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.

Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.

In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.